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    Derrick lay barge Quippo Prakash delivered to Indian JV

    Vessel & ROV News // May 13, 2010

    The DLB Quippo Prakash will work offshore India in the 2011 season.

    Quippo Prakash Pte Ltd (QPPL), a JV between Quippo Oil and Gas, MDL Energy and
    SapuraCrest, has announced the delivery of their newbuild 2,000 tonne Derrick Lay Barge (DLB) Quippo Prakash from Shanghai Zhenhua Heavy Industr, China, (ZPMC) after undertaking final installation and commissioning works of the main crane.

    "We are extremely pleased to have completed the project within budget in a doubly challenging environment of low oil prices and a near collapse of the world financial markets," said Kulpreet S Sahni, CEO, QPPL.

    "The oil price being where it is now, we see a renewed enthusiasm for offshore oil and gas exploration and production (E&P). We hope to leverage our asset to bid for future projects using a brand new, state-of-the-art vessel, given that the current average age of the vessels being used in Southeast Asia for the same work is in excess of 25 years old."

    "We are hoping this will be our entry point into both the shallow water and deep offshore construction markets. We are also contemplating other new-builds, singly or in association with other companies for assets in this and allied areas."

    Fitted with a 2,000 tonne heavy lift crane, pipelay systems capable of laying pipe up to 5ft in diameter and in up to 150m of water depth, a high speed 12-point mooring system, a helideck and comfortable en-suite accommodation for 300 crew and personnel, her owner describes her as "best in class" in the Asian region, where combination barges have an enhanced utility over simple heavy lift or pipelay assets.

    The DLB, the first majority Indian-owned vessel of its kind, has now been mobilized and is headed for its first job to Malaysia, where it will be operated by TL Offshore for their Petronas umbrella contract.

    The vessel is expected to work in Indian waters in the 2011 construction season.

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